Time To Buy JP Morgan, Citibank, Wells Fargo Before 14 Apr ?
@JC888:
It was definitely a pleasant surprise to learn that US inflation has dipped to a “new” low of 5.0%, with the data released on Wed (12 Apr) morning, around 8:30am US time. This result was even “better” than Wall street’s analysts forecast of 5.2%. In summary, inflation has “fallen” by 0.1% from Feb 2023 to Mar 2023. Will the “good” time lasts ? I bet that’s the question on everyone’s mind right after the data was released. What Did Goldman Sachs Predict? Accordingly, $Goldman Sachs(GS)$ has laid out 4 possible scenarios just before Mar CPI data was released. Based on their prediction, S&P 500 should’ve rallied between 50 to 100 bps. By now, we all know how their predictions have panned out - don’t we ? It was one “big” Red Blob by the time market